POWER!!!! Fortescue Future Industries, page-4881

Thanks Wes.

Here's my understanding and thoughts after revisiting this page.

https://fortescue.com/news-and-media/news/2023/11/16/fortescue-launches-green-energy-accelerator-platform-fortescue-capital

Fortescue highlight...

Fortescue Capital will serve as a green energy accelerator platform. Let's break this down.

* Their aim is to deliver green energy projects and decarbonisation investments.

* Through this platform they aim to deliver greater returns for shareholders.

* Once they take their global pipeline of green hydrogen and green ammonia projects to Final Investment Decision, their intention is to bring additional equity investors onboard. They've ticked off three FID's, but haven't had the need to tap for funding for these. If/when they expand to phases 2/3 then additional equity will be required.

* The biggest and immediate project I see is their planned investment to decarbonise their Pilbara operations. This is going to require significant capital, I can see where Fortescue Capital will play a BIG role here. Which has me thinking...Fortescue's Green Iron Project (massive opportunity) with Chinese partners and then there's Liebherr that ties in with their big decarbonisation plans. I'm now wondering whether Liebherr is potentially going to be one of their BIG investors? AND potentially Chinese partners? There's also MacLean and Scania that are now in the mix.

And they go on to say...

Funding models will differ on a project-by-project basis as projects are formally approved by the Fortescue Board. The Company expects to hold equity stakes between 25 per cent and 50 per cent in each project, with third-party investors.

These potential capital partners include sovereign wealth funds, pension funds, endowments, insurance companies and ultra-high net worth family offices.

Tony